The performances of audit sector in Serbia

Abstract

This paper presents the performances of the sector for the providing of audit services in the Republic of Serbia in the period 2009-2011. from the point of views of general characteristics in terms of number, size of audit firms and employment trends, as well as in terms of the analysis of operating revenues, financial results and profitability. During this period there has been an increase in the number of audit firms and increase the number of employees in the sector for the provision of audit services. Furthermore, in this period the value of average operating revenues, financial result and average rate of returns recorded a decreasing trend. Nevertheless, the sector for the providing of audit services is profitable, given that the average financial result is positive, and thus a positive return on investment.

Keywords

• audit firm
• sector for providing audit services
• business performances.